Finding a way to get rid of debt can be difficult. National Debt Relief will help you get rid of debt in Canada in a fair and proven way.
It is advisable to stay alert from the websites and agencies that promote the Canadian debt forgiveness Program. The only way to get out of debt is through a consumer proposal approved by the Government of Canada and covered by the Bankruptcy and Insolvency Act.
Here are the best options to demolish your debt in Canada
Debt Consolidation: Debt consolidation is a loan that is given to us to repay a variety of small loans. It helps us pay more than one loan or bill in a single instalment. The interest rate on this loan is usually low, and the loan repayment period is also long, so it lightens our burden considerably.
Credit Counselling: In this program, a non-profit credit counsellor prepares a description of your debt and makes a long-year plan to pay in easy instalments. This plan is between 3 to 5 years, and it's even easier to repay.
Debt Settlement: It is an informal agreement between the borrower and the lender in which you have to repay your loan at once. Due to its high fee, this is not a reliable method. It is also not preferred by most people.
Consumer Proposal: A consumer proposal is a legal agreement between you and the lender with a repayment period of 5 years. At the end of the consumer proposal, your debt will let off, and you can maintain your credit score again. This method is government-approved and safe.
We hope you find the information helpful we provide. Our main goal is to make you debt-free. To find out more about our Canadian Debt Relief Program, be sure to visit our official website at National Debt Relief Services!
